Pan African Regulatory News (PAF)

Pan African Resources PLC(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ("Pan African" or the "Company") NOTICE OF ANNUAL GENERAL MEETING AND NO CHANGE STATEMENT Notice is hereby given that Pan African's Annual General Meeting ("AGM") ofshareholders will be held at the office of Canaccord Genuity Limited at EighthFloor, 88 Wood Street, London, EC2V 7QR on Friday, 21 November 2014 at 10:00a.m. (all times stated are United Kingdom times unless otherwise stated). The notice of AGM and integrated annual report are being distributed toshareholders today, 29 October 2014. South African shareholders are advised that the physical mailing process forthe notice of AGM and integrated annual report is likely to be delayed due toongoing industrial action by employees of the South African Post Office. Shareholders are advised that the notice of AGM and the full integrated annualreport, including the annual financial statements for the year ended 30 June2014, will be available on the Company's website at www.panafricanresources.comfrom today and that the salient dividend dates will be notified to shareholderson the same day as the AGM. The annual financial statements for the year ended 30 June 2014 contain nomodifications to the audited results as released on SENS on 16 September 2014. Salient dates 2014 Record date to determine which shareholders are Friday, 24 Octoberentitled to receive the notice of annual generalmeeting Last day to trade in order to be eligible to attend and Wednesday,12 Novembervote at the annual general meeting Record date to determine which shareholders are Wednesday, 19 Novemberentitled to attend and vote at the annual generalmeeting Forms of proxy for the annual general meeting to be Wednesday, 19 Novemberlodged by 10:00 a.m. on 29 October 2014 Pan African Resources Enquiries Ron Holding Cobus LootsPan African Resources PLC Pan African Resources PLCChief Executive Officer Financial DirectorOffice: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900 Phil Dexter Neil Elliot / Peter StewartSt James's Corporate Services Limited Canaccord Genuity LimitedCompany Secretary Nominated Adviser and Joint BrokerOffice: + 44 (0)20 7796 8647 Office: +44 (0)207 523 0000 Matthew Armitt / Ross Allister Sholto SimpsonPeel Hunt LLP One CapitalJoint Broker JSE SponsorOffice: +44 (0)020 7418 8900 Office: + 27 (0) 11 550 5009 Julian Gwillim Daniel ThöleAprio Strategic Communications Bell Pottinger PRPublic & Investor Relations SA Public & Investor Relations UKOffice: +27 (0)11 880 0037 Office: + 44 (0) 203 772 2500

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